Khalid al-Falih, the Saudi energy minister, said that “all options” were on the table but that the number was “adequate” to balance the markets.Read more ...

OPEC agrees tentative oil cut, waits for Russia to commit

OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.Read more ...

OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said.Read more ...

Oil loses 3 percent in volatile trade as OPEC meets

Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets.Read more ...

The US is not in a position to tell OPEC or Saudi Arabia what to do, Saudi Energy Minister Khalid al-Falih told journalists when asked about Donald Trump's reaction to curbing production of crude by the kingdom or the oil cartel.Read more ...

Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.Read more ...

OPEC oil cuts at risk as Russia yet to commit

OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday.Read more ...

Russia & OPEC poised to cut oil production despite US pressure

The Organization of the Petroleum Exporting Countries and major oil producers lead by Russia are expected to agree on Thursday on price-boosting output cuts. That's despite US pressure on OPEC to reduce the cost of crude.Read more ...